'Klaus Schwab Resigns from the WEF
He's gone
Schwab’s signal to the board of trustees that he would resign as non-executive chair of the board of trustees “came as a surprise” given he only transitioned into the job in the past few months, said one of the people with knowledge of the matter.
The forum’s annual conference in the Swiss resort of Davos has become one of the top events for business leaders and policymakers, playing a significant role in navigating political issues and promoting collaboration in global trade.
Members of the board of trustees include European Central Bank president Christine Lagarde, IMF managing director Kristalina Georgieva, Reliance Industries chair and managing director Mukesh Ambani, BlackRock chief executive Larry Fink and Salesforce chair and chief executive Marc Benioff.
Schwab, 87, said he would propose his successor to the trustees’ board at the appropriate time. The German economist stood down as executive chair of the forum last year and was replaced by Børge Brende, who became chair and managing director of the managing board.
More at FT site.